Fund Raising

Throughout this week we have been selling off raffle tickets to the public, for a chance to win a signed Portsmouth football. We asked both teachers and students, as well as friends and family, announcing it in assemblies for every year group. Teachers seemed very excited about the raffle, but it was persuading the students to buy a ticket. The majority said they did not have any money, but we encouraged them to bring it in tomorrow, as a similar ball was sold for over £200 last month, and that all money raised will help go towards our profits, and eventually will help save children in poorer countries such as India and Africa.
When we first perchased this ball, we were offered over £300 for it, but after some disccussion as a group, we decided to decline the offer, as we might loose the public's trust if we sell something we promised to include in a raffle. This could have seriously damaged our selling of the product, and our overall chances of winning the challenge.

Finance Accounts

With us now starting to bring in money, it is needed to start our fianancial accounts for our business. Our Fianance Director, Andy, today went to meet an fianance advisor, Colin Aubrey, to discuss what was needed to include in fianance records. He explained very clearly what was needed, as well as what was essential in a business plan. Colin very kindly said that he would ask some of his staff if they could prepare some fianance records to base ours on, and promised to email them to us within 2 days. He also guaranteed that we had the support of both him, and his staff, throughout the challenge, and wished us good luck in winning the Enterprise Challenge.